News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Mar- 2019 -14 March
Sports Direct offers Debenhams £150m loan
Debenhams has confirmed it is considering an offer made by Sports Direct for a £150m unsecured 12 month loan. The…
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13 March
£2.4m Moran’s Retail overhaul to create 30 jobs
Northern Irish grocery store chain, Moray’s Retail has announced it is to overhaul three stores creating 30 new jobs. The…
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13 March
Sergio Rossi opens flagship in London
Shoe and handbag brand, Sergio Rossi, will be opening its newest store on London’s Mount Street, Mayfair. The 100 sqm…
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13 March
Morrisons sees third year of ‘strong’ sales despite profits drop
Big Four supermarket Morrisons has posted an increase in sales for the third consecutive year in its preliminary results for…
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13 March
Dixons Carphone fined £29m for mis-selling ‘Geek Squad’ product
The Financial Conduct Authority (FCA) has fined Carphone Warehouse £29,107,600 for failings that led to the mis-selling of ’Geek Squad’,…
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12 March
French Connection returns to profit despite sales drop
Embattled retailer French Connection has announced a return to profit for the first time in seven years, despite experiencing a…
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12 March
Laybuy launches in the UK with Footasylum partnership
Laybuy, New Zealand’s largest buy now, pay later service, has officially launched in the UK with footwear retailer Footasylum confirmed…
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12 March
Early Learning Centre sold to The Entertainer for £13.5m
Mothercare has sold its Early Learning Centre (ELC) brand to toy retailer The Entertainer for £13.5m. The deal comes as…
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12 March
Digital Services Tax extended to include 2% ‘Amazon tax’
High streets government minister, Jake Berry, has promised to extend the Digital Services Tax to include a “2% tax on…
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11 March
Feb footfall signals 15th month of decline
Footfall fell by 2% in February, a significant decline compared with the previous year, when it fell by 0.2%, and marks the fifteenth consecutive month of decline.…
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